Hello peeps, well maybe everyone is already aquainted with the news where new jersey banned Bitstrade.
It was an online investing site which was mostly Bitcoins based and promised 10% returns gaurenteed
Government found it suspicious and decided to ban it, the major reason was ' it was unregistered with the government '
It was a scam!!!!
We just had a major one going bust with Bitconnect but fortunately in this case the loses won't be that bad.
And it wasn't closed just for "being suspicious" :
Regarding withholding information, the order makes specific reference to “failing to disclose key material facts to prospective investors, including the names of its executive officers, the address of its principal office, information about Bitstrade's financial condition, the risks of the Bitstrade Investment, and how Bitstrade invests investors’ money, the Bureau found.”
What more do you want?
Is Bitcoins gonna be decentralized now?
Bitstrade has nothing to do with
BTC,
BTC was decentralized , is decentralized and will be decentralized.